Tokopedia is an Indonesian online mall. The company operates as a digital marketplace serving shoppers and sellers across Indonesia. Google and Temasek have agreed to invest about $350 million in PT Tokopedia, people familiar with the matter said. The report describes the cash infusion as a major capital injection. The funding is intended to bankroll the company’s post‑Covid‑19 expansion. The article did not disclose revenue, user metrics, or valuation details. Tokopedia is an Indonesian technology company with a leading marketplace platform that empowers millions of merchants and consumers. The platform provides access to more than 100 million products and serves 93% of districts across 17,000 islands. In the past year the company quadrupled its gross merchandise value and now offers same-day delivery to 25% of customers. Tokopedia plans to evolve its ecosystem toward infrastructure-as-a-service by extending logistics, fulfillment, payments, and financial services technologies to support online and offline commerce. The company says it will use the financing to build technology and infrastructure that empowers local businesses, improves customer experience, and drives financial inclusion in Indonesia. Tokopedia remains focused on the Indonesian market and aims to broaden scale and reach while improving operational efficiencies for businesses and partners. Tokopedia operates a marketplace enabling small retailers and large brands to sell to consumers in Indonesia. The company was founded in 2009 and focuses on democratizing commerce through technology. Tokopedia says its partnership with Alibaba will enhance the scale and quality of its offerings and make it easier for merchants and partners to do business across the archipelago and beyond. The company previously raised $100 million from SoftBank and Sequoia in 2014 and counts East Ventures, CyberAgent and Beenos Partners among early backers. No valuation was announced for the newest investment, though Alibaba has become a minority shareholder. The article frames the raise against rapid regional e-commerce growth, with a forecast that Southeast Asian annual e-commerce spend could grow from $5.5 billion in 2015 to $88 billion in 2025, about half from Indonesia. Tokopedia is an Indonesian C2C online marketplace allowing small businesses to open and manage online stores at no cost. The platform emphasizes a comfortable experience for customers and secure online transactions. It was co-founded in February 2009 by William Tanuwijaya and Leontinus Alpha Edison. The company reported a $147M funding round, bringing total funding to $247.7M to date. Backers for the reported round were not disclosed; historical investors include Sequoia Capital, SoftBank Capital, CyberAgent Ventures, East Ventures, SBI Investment and netprice.com. The article does not provide operating metrics or specific future plans. Tokopedia, founded in 2009, is an Indonesian online marketplace that enables individual vendors to open shops and is described as the country’s largest such platform. The company said it will use the new funding to acquire new users and hire more employees. The article notes that online marketplaces like Tokopedia have very thin product margins and therefore must grow via economies of scale. SoftBank and Sequoia will add representatives to Tokopedia’s board of directors following the investment. SoftBank indicated it will leverage the stake as part of its goal to become the “No. 1 Internet company in Asia.” The valuation for this round was undisclosed, and the piece suggests strategic acquirers such as Flipkart, Amazon, or Alibaba may be interested in the region.

Total raised

$2.8B

Funding rounds

5

Latest round

Equity

Latest activity

Oct 2020